Real Time Financial News Website
Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia. However, investor optimism was tempered by concerns about the possibility of higher…
Positive news for Japan’s economy as factory activity finally expanded for the first time in a year. The au Jibun Bank flash manufacturing PMI reached 50.5 in May, surpassing the…
Quadrant MSL, a strategic communications firm, is saying goodbye to their COO and Head of Business, Oluwarantimi Olaniyan. After nearly five years at the helm, Olaniyan is stepping down to…
The Association for Counsellors Matchmaking & Psychotherapy of Nigeria (ACMPN) is holding a special event from May 20th to 25th, 2024.This event aims to raise awareness about mental health and…
Big Pay Day for Fidelity Bank BossesFidelity Bank shareholders just voted to give their chairman a big raise! The chairman will now get N60 million per year, and other non-executive…
Taxi drivers in Nigeria are unhappy about a new government plan to punish reckless drivers with jail time. They worry the rules are unclear and too harsh. The plan, from…
Great news for Nigerians living in rural areas! The World Bank just approved a $750 million loan to build 1,200 mini-grids across the country. This means millions of people will…
The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100 per litre now. Some dealers are even paying N1,200 per…
There are several important stories making the news in Nigeria today. The biggest one is that talks between the government and labour unions over raising the minimum wage have reached…
The Central Bank of Nigeria (CBN) just announced a rise in interest rates to 26.25%. This means it will be more expensive to borrow money. They did this to try…
There’s a big meeting planned between Korea and Africa in early June! This summit is a chance for these two regions to work together more on trade and investment. An…
Nigeria has a long coastline on the Atlantic Ocean, packed with resources and potential. To take full advantage of this, they recently created a special Ministry of Marine and Blue…
Shareholders of Stanbic IBTC Holdings Plc have approved a plan to raise N550 billion in new capital. The company will raise N150 billion through a rights issue or public offering…
The Central Bank of Nigeria (CBN) is at a crossroads, deciding whether to continue raising the benchmark interest rate or hold it steady to observe the effects of previous increases.…
Nigeria’s foreign exchange reserves have shown a steady recovery, adding $195.01 million to reach $32.64 billion by the end of the weekend. This marks the fourth consecutive increase in reserves,…
Iranian President Ebrahim Raisi died in a helicopter crash, according to the Islamic Republic News Agency. The accident occurred while Raisi and his entourage were traveling to Tabriz City after…
The Central Bank of Nigeria (CBN) has retracted its directive that mandated banks and payment service providers (PSPs) to collect and remit a cybersecurity levy. This mandate was initially proposed…
The African Export-Import Bank (Afreximbank) has released its financial results for the first quarter of 2024. Net Interest Income increased by 31.73% to $393.4 million, compared to $298.6 million in…
MTN Nigeria’s CEO, Karl Toriola, has defended the remuneration of the company’s Board of Directors despite the tough economic climate. During the Annual General Meeting (AGM) held in Lagos, a…
TAJBank Limited, known for its rapid growth in non-interest banking services, has been awarded the “Best Islamic Bank in Nigeria 2023” by the Islamic Finance News (IFN). This award recognizes…
The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), revealed that only 20% of registered entities in Nigeria pay their annual returns. During a television interview, Magaji…
U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output. According to the Federal Reserve, manufacturing output decreased by 0.3% last month,…
China’s industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in March. This surpassed analysts’ expectations of a 5.5% increase according to data…
Nigeria has become Indonesia’s top investment destination in Africa, surpassing South Africa, with a trade balance exceeding $4.7 billion in 2022. This announcement was made by the President of the…
Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They’re offering chips made by AMD, a rival to Nvidia, the current leader in this field.…
During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Engr. Sanusi Garba, acknowledged the dire financial situation facing most electricity…
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), raised concerns about the unwitting involvement of some youths in funding terrorism through cryptocurrency trading. Speaking at a national…
During the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), Nigeria disbursed a total of N1,208.081 billion in revenue to the Federal Government, states, and local government councils.…
The Federal Inland Revenue Service (FIRS) did not meet its tax revenue target for the first quarter of 2024, collecting N3.94 trillion instead of the projected N4.8 trillion. Zacch Adedeji,…
Atedo Peterside, the founder of Stanbic IBTC Bank, has criticized the federal government’s decision to provide a N90 billion subsidy for the 2024 Hajj pilgrimage. Peterside voiced his concerns following…